Yandex may abandon the Yandex.Taxi IPO
Instead of an IPO of Yandex.Taxi, Yandex may buy out Uber's stake in the aggregator, Bloomberg writes , citing sources. However, there is no final decision, the interlocutors of the agency indicate. Preparations for the deal, which in this case will be one of the largest placements of Russian companies in recent times, may continue. The share of Uber in Yandex.Taxi is 38%. At the end of March, Uber itself estimated it at $1.2 billion.